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Tag: Alibaba

Alibaba Founder Jack Ma Believes in Blockchain Technology but Declares Bitcoin a Bubble

Category: Altcoins, Bitcoin, Blockchain, Business, News

Alibaba Founder Jack Ma Believes in Blockchain Technology but Declares Bitcoin a Bubble

Jack Ma, co-founder of e-commerce giant Alibaba, publicly launched a new blockchain-based money transfer service under his company, Ant Financial and maintained his positive sentiments on blockchain technology. However, he continues to support his pessimistic stance on  Bitcoin – referring to it as a bubble. Blockchain-Powered Low-Fee Remittance Payments Ant Financial, formerly known as Alipay is an affiliate of the…

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Bitcoin, Not Blockchain, is a Bubble Says Alibaba Founder

Category: Bitcoin, Commentary, News

Bitcoin, Not Blockchain, is a Bubble Says Alibaba Founder

Jack Ma, the billionaire founder of Alibaba, is the latest member of the “blockchain only” movement. Speaking during the Second World Intelligence Conference in Tianjin taking place on May 16-18, Ma said that bitcoin, not blockchain is a bubble. He also expressed his dissatisfaction with the level to which the technology is being implemented. According to him, the technology behind…

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Alibaba’s Subsidiary Taobao Bans Crypto Businesses

Category: Altcoins, Business, Finance, News

Alibaba’s Subsidiary Taobao Bans Crypto Businesses

After the recent tiff involving ‘Alibabacoin’ and e-commerce giant Alibaba, wherein the latter sued Alibabacoin for misuse of their name, Taobao, a subsidiary of Alibaba, has banned all things crypto on its website. Taobao Bars Crypto Services Taobao has updated its list of goods and services that are barred from being sold on their platform, and it includes all services…

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Trademark Lawsuit Filed by Alibaba over Dubai Firm’s ‘Alibabacoin’

Category: Altcoins, Business, Finance, News, Regulation

Trademark Lawsuit Filed by Alibaba over Dubai Firm’s ‘Alibabacoin’

You’d be forgiven if you came across “Alibaba Coins” and considered it to be another of Jack Ma’s brainchild. Truth be told, the actual Alibaba Group Holding Ltd. (BABA.N) sued the Dubai-based firm who were profiting from their name. The profits are no joke either, as the fraudulent company used Alibaba’s trademarked name and since have raised more than $3.5…

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